Tax Tips

Jackson Hewitt wants you to get all the deductions and credits you’re entitled to! For that reason, we invite you to view our list of 2014 tax tips and tactics designed to help you reduce your tax burden.

Itemized Deductions

Itemized Deductions - Limit

Total itemized deductions for "High Income Taxpayers" (taxpayers whose income is greater than $254,200 if Single, $279,650 if Head of Household, $305,050 if Married Filing Jointly and $152,525 if Married Filing Separately) will be reduced by 3% of the income over the threshold amount for their filing status. The reduction is limited to 80% of total allowable itemized deductions. The standard deduction is not reduced or limited.